| IPO Details |
| Company Profile |
| Summary of the Offer |
| Important Highlights |
| Important Dates |
| Advisers and Vendors |
| Historical Financials |
| IPO Prospectus |
| In the News |
| Name | Japaul Oil and Maritime Services plc |
| Security Type | Ordinary |
| Ticker | JAPAULOIL |
| Reuters Code | |
| ISIN | NGJAPAULOIL4 |
| Number of Employees | |
| Address | Plot 39 Eastern-By-Pass |
| Marine Base | |
| Port Harcourt, | |
| Website | www.japaulplc.com |
| Phone | +234-084-231633 |
| Fax | +234-084-238030 |
| japaulng@japaulplc.com | |
| Nature of Business | JAPAUL OIL MARITIME SERVICES PLC (JOMS PLC) is an indigenous company, Incorporated in 1994 under the Companies and Allie d Matter Decree of 1990. The company's Corporate Office is situated at Plot 39 Eastern-By-Pass, Marine Base, Port Harc o u rt. This property is a 12,000m2 piece of land with a jetty Front of 50m long. The offices are situated therein and e qu ip ment servicing and maintenance are being carried out there. Berthing facilities for the company's equipment are av ail abl e at the jetty quay. Japaul commenced business operations in 1997 and became a public quoted company on Nigeria Stoc k Ex change in the year 15th August, 2005. JOMS PLC is into the business of oil & gas servicing in the area of Marit ime o perations, Dredging Services, Ship building and repairs, Road Transportation & logistics and Flowlines and P ipelin es. JOMS PLC presently has Subsidiaries which are Japaul Gulf Electromechanical LLC (UAE), Japaul Trading Co mpany ( Nigeria ) and Japaul LLC (USA) |
| Offer Type | Public Offer | ||||||||||||||||||||||||||||
| Offer Method | Offer for Subscription | ||||||||||||||||||||||||||||
| Purpose | The Offer is being undertaken to shore up Japaul’s capital base. This is to enable the Company to meet its expansion and diversification plans in key areas of oil servicing and maritime business. The Company is simultaneously offering by way of Rights Issue, 291,549,045 Ordinary shares of 50 kobo each at N3.50 per share, on the basis of one new share for every four shares held, to shareholders whose names appeared in the Register of Members as at Friday, July 6, 2007. |
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| Utilization of Proceeds | The estimated net proceeds of N4,650,498,521.00 after the deduction of the total Offer costs (including underwriting commission) of N349,501,480.00 [representing 6.99%of the total Offer proceeds] would be applied as follows:
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| Target Investors | |||||||||||||||||||||||||||||
| Par Value of each share | NGN 0.50 |
| Authorised Share Capital | 3,200,000,000 |
| Fully Paid Share Capital | 1,166,196,180 |
| Shares Offered for Sale | 1,007,488,188 |
| % of Fully Paid Shares Offered for Sale | 86.39% |
| Offer Price per Share | NGN 3.95 |
| Price Earning (PE) Ratio at Offer Price | |
| Dividend Yield at Offer Price | -- |
| Offer Open Date | Monday, Sep 24, 2007 |
| Offer Close Date | Wednesday, Oct 31, 2007 |
| Allocation Begin Date | Wednesday, Nov 14, 2007 |
| Allocations End Date | Wednesday, Dec 05, 2007 |
| Results of Allocation Announced | Thursday, Dec 20, 2007 |
| Dispatch of Share Certificates | Wednesday, Jan 16, 2008 |
| Dispatch of refund checks (if applicable) | Thursday, Dec 20, 2007 |
| Commencement of Trading on Nigeria Stock Exchange | Wednesday, Feb 13, 2008 |
| Key Numbers | |
| Fiscal Year End | December |
| Currency | -- (--) |
| Sales (in millions) | -- |
| 1 Year Sales Growth | -- |
| Annual Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | December 31, 2006 | |
| Sales | -- | -- | -- | 1,401.15 |
| Pre-Tax Income | -- | -- | -- | 241.00 |
| Net Income | -- | -- | -- | 173.59 |
| Average Shares | -- | -- | -- | 1,166.19 |
| EPS | -- | -- | -- | 0.15 |
| Total DPS | -- | -- | -- | 0.11 |
| Quarterly Income Summary (in millions except EPS data) | ||||
| -- | -- | -- | -- | |
| Sales | -- | -- | -- | -- |
| Cost of Goods | -- | -- | -- | -- |
| Gross Profit | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- |
| Net Income | -- | -- | -- | -- |
| Average Shares | -- | -- | -- | -- |
| EPS | -- | -- | -- | -- |
| Annual Balance Sheet Summary (in millions) | ||||
| -- | -- | -- | December 31, 2006 | |
| Cash & Equivalents | -- | -- | -- | 188.48 |
| Total Current Assets | -- | -- | -- | 836.26 |
| Total Liabilities | -- | -- | -- | 1,030.14 |
| Share Holder Equity | -- | -- | -- | 1,136.79 |
| Long Term Debt | -- | -- | -- | 306.40 |
| Annual Consolidated Cash Flow (in millions) | ||||
| -- | -- | -- | December 31, 2006 | |
| Net cash flows generated from (used in) in operating activities | -- | -- | -- | 41.87 |
| Net cash flows generated from (used in) in investing activities | -- | -- | -- | -591.80 |
| Net cash flows generated from (used in) in financing activities | -- | -- | -- | 574.80 |
Japaul Full Prospectus |
| Japaul Oil and Maritime Services plc |
|
Japaul Abriged Prospectus |
| Japaul Oil and Maritime Services plc |
| Japaul won $48.3m contract |
| Japaul Oil and Maritime Services plc - 01 Sep, 2007 |
| Japaul won $48.3m contract, we have just succeeded in winning a new contract for dredging and other marine services with Shell and the contract will be executed within the next two years. |